cryptd.in

Εναλλακτική LinkedIn για τα ταλέντα που είναι φιλικά προς την κρυπτογράφηση

Ethereum Eyes 15% Move Amid Key Resistance Retest – Breakout Or Rejection Next?

-

από

cryptd.in
στο

Ethereum (ETH) is retesting a crucial resistance level amid its daily 3% recovery. The cryptocurrency has been rejected from this area since last month’s market recovery, failing to continue its bullish rally. As its price continues its sideways trajectory, an analyst suggests that a 15% move is coming.

Ethereum Price Compressing Within Key Levels

Since its early May breakout, Ethereum has been trading between the $2,475-$2,680 price range, failing to turn the range’s upper boundary as support for nearly a month. Amid last week’s market pullback, the cryptocurrency retraced around 11% from its three-month high of $2,788 to the range’s lower boundary, bouncing from this area on Monday.

At the start of the week, ETH reclaimed the $2,500 mark and continued its recovery rally toward the $2,600 resistance. On Wednesday, the King of Altcoins saw a 3.2% daily surge toward the local range high resistance before retracing to the $2,635 level.

Carl Runefelt from The Moon Show highlighted the cryptocurrency’s recent performance, affirming that Ethereum is “showing confidence” by staying inside a key formation in the daily timeframe.

Ethereum

According to the chart, Ethereum has been forming an ascending triangle since the May rally, with the upper line around the $2,680-$2,700 mark. Moreover, ETH’s price has been compressing between the support and resistance lines, suggesting a potential 15% move if the price breaks out of the pattern.

Runefelt forecasted a surge toward the $3,100 level if the Altcoin reclaims the crucial resistance level. However, if the price is rejected once again from this level, the analyst considers that Ethereum could drop to the $2,300 support zone.

Crypto Bullet pointed out a similar pattern on multiple ETH charts, suggesting that a 15%-20% breakout is imminent for the cryptocurrency. Per the post, the ETH Dominance is “about to break out” from an ascending triangle pattern in the 12H chart, while the ETH/BTC and ETH/USD trading pairs are nearing the upper boundary of a one-month symmetrical pattern.

ETH Preparing For Liftoff?

Analyst Crypto Jelle asserted that once ETH reclaims the major resistance area, between $2,680-$2,850, “everything flies higher.” Notably, a reclaim of this zone would send the cryptocurrency above its multi-year ascending support trendline, which was along amid the Q1 2025 retraces, and set the stage for a surge toward the cycle highs.

Meanwhile, Ted Pillows noted that ETH’s performance this cycle resembles Bitcoin’s (BTC) price action in 2020. According to the analyst, Ethereum has formed four consecutive 2-week candles since the April 7 bottom, which mimics BTC’s movement after the March 2020 crash.

“The similarities between BTC 2020 and ETH 2025 are just mind-blowing,” he stated, suggesting that Ethereum could reach a new all-time high (ATH) in the coming months if it continues to follow BTC’s 2020-2021 trajectory.

Market watcher Merlijn The Trader highlighted the same similarities between the flagship cryptocurrency and Ethereum, adding that the King of Altcoins also “just nailed the Spring & Test phase of Wyckoff.”

According to the trader, ETH’s structure “screams one thing: Jump. Across. The. Creek. The breakout is coming.”

As of this writing, Ethereum trades at $2,632, a 44.2% increase in the monthly timeframe.

Ethereum, ETH, ETHUSDT

Σχόλια

Αφήστε μια απάντηση

Η ηλ. διεύθυνση σας δεν δημοσιεύεται. Τα υποχρεωτικά πεδία σημειώνονται με *

Τελευταίες τροφοδοσίες

Δημοφιλείς κατηγορίες

el Ελληνικά
el Ελληνικά en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Αναζήτηση στον ιστότοπο

Δημοφιλείς ιστορίες

Ετικέτες

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (370) #BitcoinETF (3) #BitcoinΒασικά στοιχεία (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Δοκιμές (1) #BTCαπόκτηση (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (64) #DogecoinGains (1) #DogecoinΌγκος (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (62) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) 1TP5FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) 1TP5Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #LegalAction (1) #LegalImpact (1) #Νομοθεσία (1) #LightningNetwork (1) #MΑνάλυση αγοράς (3) #MΠαρακολούθηση της αγοράς (1) #MΠρόβλεψη αγοράς (1) #MΠροβλέψεις για την αγορά (1) #MarketProjection (1) #MarketSupport (1) #Mμεταβλητότητα της αγοράς (1) #MΓάμος (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) #MoneyLaundering (2) #MtGox (3) #NorthKoreaCrypto (1) #NovogratzΠρόβλεψη (1) #PriceMilestone (1) #PricePrediction (2) #PriceQuestion (1) #PriceSurge (1) #PrisonSentence (1) #QuantAnalysis (1) #RegulatoryPressure (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialBuzz (1) #Tτεχνικήανάλυση (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRΤιμή (1) #XRPupswing (1)

Χρήσιμοι σύνδεσμοι

Σύνδεσμοι που βρήκα χρήσιμους και ήθελα να μοιραστώ.